I sent an email to my Payroll department, informing them of my payday loan issues, that I am revoking the wage assignments, and they told me that it's too late once I default on the loans. From what I have read, it is voluntary, and can be revokded at anytime...they said they will have to honor the ge assignment if it comes to them. I cannot find any laws anywhere that can help me clarify this...anyone have any suggestions where I can prove this, and send to my payroll department?
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.